Graphic Packaging Holding Company Reports Full-Year 2024 Financial Results
Atlanta, GA – Graphic Packaging Holding Company (GPK), a leading player in sustainable consumer packaging, recently announced its financial results for the fourth quarter and full-year 2024. The company reported a net income of $138 million or $0.46 per share for the fourth quarter, based on 302.7 million weighted average diluted shares.
Financial Highlights
For the full-year 2024, Graphic Packaging reported a net sales figure of $8,807 million, which represents a decrease from $9,428 million in 2023. The net income for the year was $658 million, a decrease from $723 million in 2023. Adjusted EBITDA for the year came in at $1,682 million, down from $1,876 million in 2023. The adjusted EBITDA margin was 19.1% in 2024, a decrease from 19.9% in the previous year.
The company’s earnings per diluted share were $2.16 for the full-year 2024, compared to $2.34 in 2023. The adjusted earnings per diluted share were $2.49, down from $2.91 in the previous year. The net leverage was reported as 3.0x, compared to 2.8x at the end of the previous year.
Business Highlights
Despite the financial decline, the company reported several significant achievements during the year. Graphic Packaging returned to positive packaging volume growth in the second half of 2024, signaling a recovery from the challenges faced earlier in the year. The company also delivered on its Vision 2030 strategy, which includes a focus on profitability, innovation, and sustainability.
In terms of innovation, Graphic Packaging achieved sales growth of $205 million. The company also executed a virtual power purchase agreement to increase its renewable energy use in Europe, furthering its commitment to sustainability. Additionally, the company repurchased 2% of its common shares outstanding, returning $322 million of capital to stockholders.
Impact on Consumers and the World
For consumers, the financial results of Graphic Packaging may not have a direct impact. However, the company’s focus on sustainability is a positive sign for the environment. Graphic Packaging’s commitment to using renewable energy and reducing its carbon footprint can lead to more eco-friendly packaging solutions, which can benefit consumers by reducing waste and promoting sustainable practices.
On a larger scale, the financial results of Graphic Packaging and its focus on sustainability can have a significant impact on the world. The packaging industry is a major contributor to waste and carbon emissions. Companies like Graphic Packaging, which are investing in renewable energy and sustainable practices, can help reduce the industry’s environmental impact and contribute to a more sustainable future.
Conclusion
Graphic Packaging Holding Company reported a decrease in net sales, net income, and adjusted EBITDA for the full-year 2024 compared to the previous year. However, the company achieved several significant milestones, including returning to positive packaging volume growth, delivering on its Vision 2030 strategy, and increasing its use of renewable energy. These achievements, along with the company’s focus on sustainability, can have a positive impact on both consumers and the world by promoting eco-friendly practices and reducing the industry’s environmental footprint.
- Graphic Packaging reported decreased net sales, net income, and adjusted EBITDA for full-year 2024 compared to 2023.
- The company achieved positive packaging volume growth in the second half of 2024 and delivered on its Vision 2030 strategy.
- Graphic Packaging increased its use of renewable energy through a virtual power purchase agreement.
- The company’s focus on sustainability can have a positive impact on consumers and the world by reducing waste and promoting eco-friendly practices.
